I bet that you didn’t do so! We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. The survey is conducted every four years and the most recent LCS refers to the year 2016. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. just stumbled on your blog on my research. Denmark: €3,4003. Important note: The economy changes constantly and the research I am doing to gather all this information regards the average wages in all these countries might end up with slightly incorrect values (as they change from month to month throughout the year). This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. Ich konnte mir eine tolle Vollzeitstelle sichern, noch bevor mein Studium zu Ende war. Poland: €89523. The minimum wage also contributes to reducing poverty and state spending on social assistance. The opposite is not necessarily true, as higher salaries don’t automatically mean a much inflated cost of living, but a higher quality of life. The values are correct, at least statistically, but the actual income is higher. For Member States outside the euro area in 2019, and expressed in national currency, the largest rises in hourly labour costs in the whole economy were registered in Romania (+13.1 %) and Bulgaria (+11.7 %). The correct way of calculation average wage would be to multiply countries average wage with employed persons in each country and then count all thous counties together and divide with number of employed persons in EU. Malta: €97021. Einen besseren Berufseinstieg hätte ich mir gar nicht wünschen können und ich liebe meinen Job. We also participate in other affiliate programs. United Kingdom: €2,600 (still in the EU at the moment of updating this article)5. All in all, salaries have increased greatly in the European Union for 2020, with some major gains recorded by the lower ranked countries, including Romania or Estonia and most importantly, the difference between the bottom ranked and the EU’s average are shrinking. Figure 1 shows the levels across the Member States. Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill, employer and more. This means that these numbers I have shared are (in my opinion at least and based on hours of research) as close to reality as possible and more up to date. The average software engineer salary in Germany is $55K, while in the Netherlands the salary falls to $51K per year. The LCI covers all business units irrespective of the number of employees and all economic activities except agriculture, forestry and fishing, private households and extra-territorial organisations. The solution is aimed at preventing poverty and protecting employees. For example, the average wage in Luxembourg is almost 7 times higher than what people in Bulgaria are earning. Hourly labour costs ranged between €6.0 and €44.7 in 2019, Non-wage costs highest in France and Sweden, Labour costs per hour lowest in the construction sector, Hourly labour costs increased most in Romania, least in Malta, Hourly labour costs - tables and figures, 2019, Labour cost structural statistics - levels, Labour markets at regional level - Earnings at a regional level, Hourly labour costs news release 31 March 2020, Hourly labour costs news release 11 April 2019, Hourly labour costs news release 9 April 2018, Hourly labour costs news release 6 April 2017, Hourly labour costs news release 1 April 2016, Hourly labour costs news release 30 March 2015, Hourly labour costs news release 27 March 2014, Labour market (including Labour Force Survey), Summaries of EU Legislation: Comparable EU-wide labour cost statistics, Corrigendum to Regulation (EC) No 1216/2003, Employment Cost Index (U.S. Bureau of Labour), https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Hourly_labour_costs&oldid=476020. But the actual average income is higher. According to Eurostat data, the highest salary in the European Union countries in 2020 appeared in Luxembourg and amounts to 2142 Euro per month, while the lowest salary is for citizens of Bulgaria 312 Euro. Romania: €67028. Poland is in the middle of the ranking. However, for guidance and estimations, this is a good starting point and an interesting list to look at and since these are the actual average salaries in the said countries, you’ve got bigger chances at earning that much than not. Hourly labour costs ranged from €6.0 in Bulgaria to €44.7 in Denmark in 2019. Therefore, for certain non-euro area countries an exchange-rate-adjusted LCI index is used in these calculations instead of the official LCI available at Eurostat's database. In less developed markets, actual incomes may exceed those listed in the table due to the existence of grey economies. For low-skilled people who receive a minimum wage, setting a minimum wage usually increases their income and affects their later retirement. In the United Kingdom, wages are predicted to increase by 2.5 percent. However, this average masks sizeable differences between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (EUR 6.0), Romania (EUR 7.7), Lithuania (EUR 9.4), Hungary and Latvia (both EUR 9.9), and the highest in Denmark (EUR 44.7), Luxembourg (EUR 41.6), Belgium (EUR 40.5), France (EUR 36.6), the Netherlands (EUR 36.4) and Sweden (EUR 36.3), Germany (EUR 35.6) and Austria (EUR 34.7). These do not include vocational training costs or other expenditures such as recruitment costs, spending on working clothes, etc. Mit ZipRecruiter habe ich meine erste richtige Stelle nach dem Studium gefunden. Austria: €2,7004. For information about our privacy practices, please visit Privacy policy. This article provides recent statistics on hourly labour costs in the European Union (EU). What is the average salary in Italy in 2020? From the table above it can be concluded that for the EU-27 the LCI labour cost concept covers approximately 98.9 % of the LCS labour concept. However, it must be remembered that it has one of the lowest costs of living among the other EU countries. Employees can also count on higher pensions in the future. It limits the cases of exploitation, as employers who pay little to their employees are forced to increase wages through top-down state arrangements. There is the question that come in my mind thinking about how you calculated average wage in EU… It is do you just calculated it just counting together average wages of all all countries and then divide number by number of countries? I agree to receive promotional e-mails to my inbox, List of European countries by average wage, Top 30 Dividend Paying Stocks in Germany (DAX Index), September 2020 Dividend Income Report - $117.04. Gaps were larger in the euro area, with industry as the highest paying sector (EUR 34.1 per hour) and construction as the lowest (EUR 28.0 per hour) (see Table 3).
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